Stock Futures Higher As Trump Pumps End Of Iran War

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Summary

➡ The US-Iran conflict might end soon, boosting the US stock market. Technology stocks, which were previously affected, are now rising. However, oil prices remain high due to Iran’s attack on a Kuwaiti oil tanker, which could impact the American public. The situation suggests that people should prepare for potential supply chain disruptions.

Transcript

Offered investors hope that the US-Iran war could soon come to an end. The Dow Jones gained 553 points or 1.2%. Futures tied to the S&P 500 moved up 1.2% and the NASDAQ also went up. Wall Street Journal reported that President Trump told aides he was willing to end military hostilities in the Middle East. Well no freaking duh. That’s been the case ever since this started. Absolutely blows me away. Technology, which was under pressure since the conflict began, rose broadly in the pre-market. The technology sector fund, XLK, traded 0.6% higher and video went up, right? But still, crude prices remained higher after Bloomberg reported that Iran struck a Kuwaiti oil tanker in Dubai waters.

Again, these are tankers being completely destroyed, taken offline, so they cannot move oil forever. These are oil supplies that are being decimated and destroyed forever, dumped all over our environment. It’s going to take, like the oil tanks that are being destroyed, the natural gas lines are being destroyed. All that infrastructure not only has to be rebuilt, but all of the substance materials inside those tanks, those holding cells, are gone forever. And yet the market just trades, oh we’re good, everything’s good. It’s not. Oil prices are still high, fuel prices are still high.

This is going to hit the American public. Said right here, Brent crude futures were up last night, 4% alone to trade at 117 a barrel. And West Texas Intermediate futures advanced another 1% now to 103 a barrel. Wall Street is coming off of mixed session. I don’t buy any of this crap. The truth is, if you’re not preparing now, I’m not joking. This isn’t like a panic thing, but why not go to Costco and if you’re going to buy one thing of toilet paper, buy two. If you’re going to buy some Deaf for your diesel truck, why not pick up a couple of them right now.

We have got a global supply chain break right now because of the straighter or a hummus and I think people need to get ready. All right, with that being said, the economic ninja is out. [tr:trw].

See more of The Economic Ninja on their Public Channel and the MPN The Economic Ninja channel.

Author

5G
There is no Law Requiring most Americans to Pay Federal Income Tax

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